Statement:
In Singapore, people spend less of their household budget on food and non-alcoholic beverages than in Nicaragua
In the Where households spend more on food rating
Singapore holds position #137 2021
out of 138 and Nicaragua is #62 out of 138 2021.
Position of Singapore is better than position of Nicaragua.
Singapore is an outsider of the "Where households spend more on food" rating. People spending a small part of their budget on food indicates a high standard of living, compared to Nicaragua
Referencies:
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The countries in the rating sorted by '% of household budget for food and non-alcoholic beverages' in descending order.
Nicaragua '% of household budget for food and non-alcoholic beverages' value is 30.00 Singapore '% of household budget for food and non-alcoholic beverages' value is 6.82